Deal Type: Equity Offerings
Deal Sub Type: Private Placement
Deal Status: Announced
Deal Value: 38.5255 Million USD
Deal in Brief
Gascoyne Resources Limited, an Australia-based gold exploration and development company, has agreed to raise AUD50 million (USD38.52million) at price of AUD0.50 (USD0.38) per share in the private placement of shares.
In addition to the offering, Gascoyne Resources is intending to offer eligible shareholders the opportunity to participate in a share purchase plan to raise up to a further AUD5 million (USD3.85 million), at the same price as the offering.
Hartleys Limited is acting as lead manager and sole book-runner, while Argonaut Securities Pty Limited is acting as co-manager for the offering.
Planning: On February 15, 2017, Gascoyne Resources plans to raise between AUD40-45 million (USD30.66-34.5 million) in private placement of shares.
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